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Saturday, November 29, 2014

Angolan military expenditure to top $13 billion by 2019

Macae-class patrol boatAngola's military and defence expenditure will increase from the current $6.5 billion to $13 billion by 2019 due to increased demand for border security equipment, fighter jets, multi-role aircraft, helicopters, navy vessels and unmanned aerial vehicles (UAVs).

In a new report entitled “Future of the Angolan Defence Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019,” US-based defence market analysts Market Research said Angolan defence spending will be driven by the need to modernise and improve the operational capabilities of all three wings of the Armed Forces of Angola (FAA) and a desire to increase the number of serving troops while embarking on new veterans care projects.

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